ForeFront Portfolio 3.0 - Crime Insurance

Click here to view the key crime findings from the 2013 Chubb Private Company Risk Survey.

Eight in 10 incidents of crime are carried out by employees of the company.

Unfortunately, fraud and embezzlement in the workplace are on the rise, occurring in even the best work environments. In its
2010 Report to the Nation on Occupational Fraud & Abuse, the Association of Certified Fraud Examiners reported:

The average organization loses 5% of its total annual revenues to fraud and abuse committed by its employees.

Private businesses are vulnerable, as well. The medium loss for private companies was $231,000.